Case Study:  Distributed Processing Risk Engine

Engagement:

A Global Investment Bank selected Risk Focus to integrate a vendor software package to reduce the processing strain on the legacy system and provide a scalable solution which would provide flexible reporting, increased performance and minimal operational risk.

The Situation:

Prior to the involvement of Risk Focus, the project had missed key milestones and release dates. The vendor solution had been stripped of many of its out-of-the-box functionalities and now had dependencies on legacy market data management and trade capture systems.

Approach:

A Risk Focus team assessed the architecture of the project and proposed a reworking of the distributed processing cluster. The team then successfully developed the required changes and incorporated them into the existing architecture. The implemented solution allowed the system to utilize legacy components for market and trade data while providing the flexible, scalable architecture that enabled the trading business to quickly process large trade volumes.

Results Achieved:

The targeted re-architecture facilitated a processing environment capable of End-of-Day batch runs as well as swift intra-day valuation and risk computing. The project was able to meet subsequent milestones of phased deployment across various businesses with increasing trade volumes. It was recognized as one of the smoothest deployments in the bank’s history.